Procedures and Terms -

For buyers, we suggest evaluating the sales procedures before requesting a quote, in this way, it will be possible to prepare your company to comply with the procedures within the agreed deadlines.

DO NOT SEND LOI – Most will be discarded when we receive

In order for you to be assertive in your negotiation with Mello Commodity, with regard to agricultural commodities, carefully follow the items below

First of all: Consult the global market, as it dictates prices.

Query sources:
INVESTING – https://br.investing.com/commodities/us-soybeans

CME GROUP -https://www.cmegroup.com/

ISO SUGAR – International Sugar Organization
Quote for the last thirty days: https://www.isosugar.org/prices.php?pricerange=last30

1 – Define your demand [ product type, total quantity, port of destination, target price]

2 – Check if your company is ready to issue a financial instrument [SBLC or LC] through one of the 50 largest banks in the world

3 – Request a quote

Summary of procedures:

1-BUYER sends ICPO (Corporate Irrevocable Purchase Order)

Complete buyer information about the issuing or confirming bank, it is essential to be a TOP 50 bank …We only accept full Bank ICPO from the recipient of the purchase, this document on PDF letterhead, complete banking and business information of the purchasing company (all information will be consulted).

2- Seller issues FCO (Full Corporate Offer).

3- The buyer returns the signed and stamped FCO and sends the BCL and draft of the SBLC or LC for approval by the seller’s bank or the seller’s financial sector

>>> The Purchaser’s ICPO together with the BCL and Draft Financial Instrument will be sent to the financier responsible for the operation to carry out Compliance. After approval by the buyer, the procedure continues as follows:

4- Seller issues Contract Draft. (SPA). After receiving the FCO approved by the buyer!

5- The buyer returns the signed, stamped and scanned Draft Contract by e-mail and it will be considered legal and official Contract of Purchase and Sale until the copies are exchanged.

6- The seller issues a Commercial Invoice.

7 The buyer returns the stamped and signed Commercial Invoice.

8 – The buyer’s bank issues SBLC or LC (MT 700/760) as a guarantee for one month and sends it to the seller’s bank within 15 working days. The bank instrument must be revolving, transferable or Non-Transferable to SBLC only, and LC only transferable, irrevocable, divisible, operational, renewable and confirmed by the top 50 bank, with Payment via MT 103 upon presentation of the shipping documents (B /L + SGS) by the seller at the port of origin or as agreed with Seller.

9 – After the open banking instrument, the seller’s bank sends to the buyer’s bank a Performance Bond (PB) of 2% within 12 working days in the amount of a remittance only for contract conditional on payment at origin, we will issue Proof of Product (POP) within 15 days for any form of payment

10 – The buyer will receive an invitation letter to accompany the shipment at the port if necessary. .

11 – In 35/45 days the ship will be loaded, and the loading can be anticipated.

12 – Payment against the BL and SGS shipping documents, as per item 10.

13 . We do not send BL or other shipping inspection certificates from previous customers for someone to review (Data Protection Act). No past performance.

14 . We do not ship physical samples without exception.

15 . We do not upload photos or videos to avoid disturbing our suppliers’ privacy and identity.

PAYMENT:

For international contracts, the following are required: CONTRACTUAL GUARANTEE SBLC or DLC and payment via MT 103.
Contractual guarantees and payment orders must be made through a TOP 50 bank (50 largest banks in the world)

Note: No amount will be paid in advance and payments will only be made against shipping documents at the port of origin.

MELLO COMMODITY IS NOT AUTHORIZED TO:
1 – Negotiate with intermediaries
2 – Appoint sales representatives
3 – Offer or pay commission
4 – Authorize Over Price